Student Loan Payments and Finance
Total of all Loans $10,000
Interest Rate 4.00%
Payback Period 10 Years v.
Monthly Payment $101.25
Total Payments $12,149.42
Total Finance Cost $2,149.42
Net Finance Cost for a Borrower in the
$1,827.00

ts and Finance Costs
15 Years
$73.97
$13,314.38
$3,314.38
15% tax bracket
$2,817.23

Student Loan Calculator
Year Education will be completed 2004 If your Adjusted Gross Income is
Loan Balance at Completion $19,500 less than * $65,000
payments on qualified loans are deductable as
Interest Rate 6.25% an adjustment to income (even if you don't itemize
Years to Pay Back 10 Thus, if you are in the
(Most Student Loans have a 10 year period) marginal tax bracket, your net
Your Monthly Payment will Be $218.95 cost over the ten year payback period will be
Total Payments $26,273.54
Total Interest $6,773.54
Interest in Year 2004 $1,177.69
2005 $1,084.45
2006 $985.20
2007 $879.58
2008 $767.16
2009 $647.51
2010 $520.16
2011 $384.62
2012 $240.36
2013 $86.83 Total NET Interest
Interest Cost Saving
* For a joint return the limit is $130,000 ** AGI of less than $27,950 has a marginal rate o f 15%
$19,500 19500 19500 19500 19500 19500 19500 19500
($117.38) ($124.93) ($132.97) ($141.52) ($150.63) ($160.31) ($170.63) ($181.60)
($118.00) ($125.58) ($133.66) ($142.26) ($151.41) ($161.15) ($171.51) ($182.55)
($118.61) ($126.24) ($134.36) ($143.00) ($152.20) ($161.99) ($172.41) ($183.50)
($119.23) ($126.90) ($135.06) ($143.75) ($152.99) ($162.83) ($173.31) ($184.45)
($119.85) ($127.56) ($135.76) ($144.49) ($153.79) ($163.68) ($174.21) ($185.41)
($120.47) ($128.22) ($136.47) ($145.25) ($154.59) ($164.53) ($175.12) ($186.38)
($121.10) ($128.89) ($137.18) ($146.00) ($155.39) ($165.39) ($176.03) ($187.35)
($121.73) ($129.56) ($137.89) ($146.76) ($156.20) ($166.25) ($176.94) ($188.33)
($122.36) ($130.24) ($138.61) ($147.53) ($157.02) ($167.12) ($177.87) ($189.31)
($123.00) ($130.91) ($139.33) ($148.30) ($157.84) ($167.99) ($178.79) ($190.29)
($123.64) ($131.60) ($140.06) ($149.07) ($158.66) ($168.86) ($179.72) ($191.28)
($124.29) ($132.28) ($140.79) ($149.85) ($159.48) ($169.74) ($180.66) ($192.28)
$1,449.66 $1,542.91 $1,642.15 $1,747.78 $1,860.20 $1,979.85 $2,107.20 $2,242.74
1 13 25 37 49 61 73 85
2 14 26 38 50 62 74 86
3 15 27 39 51 63 75 87
4 16 28 40 52 64 76 88
5 17 29 41 53 65 77 89
6 18 30 42 54 66 78 90
7 19 31 43 55 67 79 91
8 20 32 44 56 68 80 92
9 21 33 45 57 69 81 93
10 22 34 46 58 70 82 94
11 23 35 47 59 71 83 95
12 24 36 48 60 72 84 96

d Gross Income is
your interest
ualified loans are deductable as
to income (even if you don't itemize)
15.0% **
racket, your net interest
ten year payback period will be
$1,001.04
$921.78
$837.42
$747.64
$652.08
$550.38
$442.13
$326.93
$204.31
$73.80
$5,757.51
$1,016.03
has a marginal rate o f 15%
19500 19500
($193.28) ($205.71)
($194.29) ($206.79)
($195.30) ($207.86)
($196.32) ($208.95)
($197.34) ($210.03)
($198.37) ($211.13)
($199.40) ($212.23)
($200.44) ($213.33)
($201.48) ($214.44)
($202.53) ($215.56)
($203.59) ($216.68)
($204.65) ($217.81)
$2,386.99 $2,540.53 $19,500.00
97 109
98 110
99 111
100 112
101 113
102 114
103 115
104 116
105 117
106 118
107 119
108 120